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Trucking Cube
A Revolution in the Logistics Industry
About Trucking Cube
Trucking Cube is a logistics service developed by Agarwal Movers Group to address inefficiencies in the Indian road transport market, particularly the challenges of transshipment and underutilization of vehicle space. The concept was introduced by Ramesh Agarwal, the Chairman of Agarwal Movers Group, to provide a solution for the frequent damage and loss of goods that occur when they are manually transferred from one vehicle to another during transit. This issue of transshipment, often necessitated by vehicle breakdowns or changes in transport mode, was identified as a significant weak point in the logistics chain, leading to substantial financial losses annually.
The company's business model centers on providing portable, secure, and private containers of various sizes directly to customers. This approach serves both individual households and commercial clients, including those in the FMCG, automotive, healthcare, and agriculture sectors. Revenue is generated by charging clients only for the volume of the cube they hire, rather than the entire truck, making it a cost-effective option for part-load consignments. This eliminates the extra cost associated with paying for unused space in a larger vehicle. In 2016, Agarwal Movers Group announced a significant investment of 100 crores (approximately $14.9 million) into Trucking Cube to expand its fleet of containers from 2,000 to 10,000 over three years.
The core product is the Trucking Cube itself, a patented, ISO-certified container made from steel and aluminum. These cubes are available in various dimensions, ranging from smaller 4-foot units to large 20-foot ISO containers, allowing clients to select a size that precisely matches their consignment volume. Key features include weather-resistant construction, shock-absorbent pads, and security belts to protect goods. A significant selling point is the security protocol: clients can lock the cube with their own lock and keep the key, ensuring their goods remain untouched until the final destination. In the event of a vehicle breakdown, the entire sealed cube is mechanically transferred to another carrier, completely avoiding manual handling of the contents and ensuring zero transshipment. The service also incorporates GPS tracking for real-time consignment monitoring.
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| LATE VC✓Equity / VC | Mar 2016 | $15M | $60M | Undisclosed | — |
Growth signals
Latest recorded traffic for Trucking Cube is 1.9K monthly website visits, up 1166.7% over the last three months. Trucking Cube's team grew 0% over the past year.
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